Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.
Slaveholders, the cliometricians argued, were capitalists for two reasons. First, their slaves were hugely productive and earned them a great profit. Second, they were in tune with the market and responded to its mechanisms. With these arguments, the cliometricians stand out as a notable group that considers slavery a form of capitalism.
I can find two of the three sorry
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Instead, presidential elections use the Electoral College. To win the election, a candidate must receive a majority of electoral votes. In the event no candidate receives a majority, the House of Representatives chooses the president and the Senate chooses the vice president.
Explanation:
Great Britain, France, and Germany wanted to colonize Africa and Southwest Asia, especially around 1884 (the year of the Berlin Conference). They wanted control of natural resources, because as they continued to industrialize, they needed more and more raw materials, which were not always available in their countries.